View Our Homes a blog about Calgary and Area Real Estate en-ca (C) 1996-2018 Norm Rousseau & Sylvia Garrett MaxWell Realty 120 Wed, 15 Aug 2018 04:54:21 G8T Wed, 15 Aug 2018 04:54:21 G8T Wed, 15 Aug 2018 04:54:21 G8T <p>Overall, prices are expected to ease by over one per cent across the city, with expected declines ranging from 2.5 per cent in the apartment sector to nearly one per cent in the detached sector. <p>"Prices were not expected to improve this year. However, supply has not adjusted fast enough to weaker than expected demand. This is causing us to make a downward revision from earlier estimates." Mid-year market update: economic conditions continue to weigh on housing Norm Rousseau Sat, 11 Aug 2018 05:21:36 G8T <p><a href=""><img width="288" height="217" title="IMG_0545" style="display: inline; background-image: none;" alt="IMG_0545" src="" border="0"></a><a href=""><img width="289" height="218" title="IMG_0547" style="display: inline; background-image: none;" alt="IMG_0547" src="" border="0"></a></p><p>FORMER SHOW HOME offered for sale by the original owner. Enjoy your AIR CONDTIONED home on a quiet cul-de-sac minutes from schools, shopping, restaurants &amp; public transportation. Large foyer with custom bench and storage. OPEN CONCEPT wired for speakers, 9ft ceilings, 3 sided fireplace and hardwood floors. Great kitchen with raised eating bar, pantry and stainless appliances. . Family sized dining area perfect for entertaining. Convenient mud/laundry room with sink and adjacent 2 piece bath. Well designed upper level with a spacious bonus room. KING SIZED MASTER SUITE, with walk-in closet and 5 piece ensuite. Plus two other generous sized bedrooms. Bright open BASEMENT DEVLOPMENT with an additional 3 piece bath provides plenty of additional space for your teenager, pool table and over night guests. Double attached garage is drywalled, painted and heated!</p><p>More Info: <a title="" href=""></a></p> 110 Bridlerange Place SW $447000 Norm Rousseau Thu, 02 Aug 2018 06:26:42 G8T <p><strong>Detached, Attached &amp; Apartment Facts</strong><p><strong>Detached</strong><ul><li>Oversupply issues continue to worsen in each district of the city compared to last year. However, compared to historical conditions, conditions today remain better than in 2016 in both the West and City Centre districts.<li>Year-to-date, the West and City Centre areas have recorded prices higher than last year's levels and continue to edge towards price recovery. Benchmark prices in the West have averaged $733,329 this year, comparable to previous highs.<li>City Centre benchmark prices have averaged $693,243, nearly three per cent below previous highs. Most districts have recorded detached prices that remain over four per cent below previous highs.</li></ul><p><strong>Apartment</strong><ul><li>Easing new listings in the apartment condominium sector have prevented any further gains in the amount of inventory in the market.<li>Supply levels remain elevated compared to sales, keeping year-to-date prices three per cent below last year's levels and nearly 14 per cent below previous highs.</li></ul> HOUSING MARKET FACTS Norm Rousseau Thu, 02 Aug 2018 06:19:51 G8T <p><strong>Airdrie</strong><p>• 2018 Airdrie residential sales have totalled 732 units so far, which is 11 per cent lower than the same period last year. Sales are at the lowest level when compared to the same period in the past six years.<p>• Year-to-date new listings remain just above last year's levels, totalling 1,600 units and reaching a new peak when compared to the same period in previous years. Total inventories in Airdrie have averaged 544 units this year, approximately 100 units higher than the same period in 2017. CREB REGIONAL MARKET FACTS Norm Rousseau Thu, 02 Aug 2018 05:10:30 G8T <p>CREB City of Calgary, August 1, 2018 –<p>Recent struggles in the job market, accompanied by yet another interest rate increase, is piling on to the decisions potential purchasers have to make in the housing market. <p>The month of July saw 1,547 units sold in Calgary, nearly five per cent below last year. New listings eased to 2,964 units, causing inventories to total 8,450 units. With more supply than demand, prices continued to edge down, with a citywide average of $435,200. This amounted to a month-over-month price decline of 0.30 per cent and year-over-year decline of 1.89 per cent.</p> Patience required in Calgarys housing market recovery Norm Rousseau Mon, 30 Jul 2018 08:28:09 G7T <p><img class="wlEmoticon wlEmoticon-auto" alt="Auto" src=""> This is the one you have been waiting for! Super clean, NEW FLOORING, spacious bedroom with double closets, good sized living room, kitchen with eating nook and access to a PRIVATE BALCONY with a gas line for the BBQ. Plus ensuite laundry and storage. BONUS TITLED UNDER GROUND PARKING. Condo fee includes all the utilities except cable. Plenty of visitor parking. Great location close to public transportation , shopping, restaurants, and beautiful Elliston Park!</p><p>CREB Info: <a title="" href=""></a></p><p><a href=""><img width="530" height="398" title="IMG_0480" style="display: inline; background-image: none;" alt="IMG_0480" src="" border="0"></a></p> $134900 one bedroom Apartment SE Norm Rousseau Wed, 04 Jul 2018 08:05:46 G7T <p>Amazing Offering close to Calgary in the Beautiful Red Deer Lake area: 279 acres are being sold together on two titles. Currently there are two houses plus outbuildings on this land which includes 119 acres on the east quarter and 160 acres of farmland on the west quarter bordered with a future road allowance. Enjoy the most spectacular views: Panoramic foothills and Calgary skyline views that can be seen throughout this property wherever you look! Beautiful tree lined driveway. This property is being sold "as-is, where-is". The main house is the yellow bungalow. The power, water well, &amp; septic for the blue house are controlled by the yellow house. (Please contact the lister's for more details). The triple garage with asbestos siding was brought onto the property from Curry Barracks many years ago. Located within 3 km of Granary Road and 5 km of Red Deer Lake Meats. Only a 9 minute drive from Spruce Meadows Trail (Hwy 22x) and 37 Street SW. (Future Stoney Trail).<p><a title="" href=""></a></p><p><a href=""><img width="534" height="400" title="IMG_0420" align="left" style="margin: 0px; border: 0px currentcolor; border-image: none; float: left; display: inline; background-image: none;" alt="IMG_0420" src="" border="0"></a><a href=""><img width="534" height="400" title="IMG_0421" align="left" style="border: 0px currentcolor; border-image: none; float: left; display: inline; background-image: none;" alt="IMG_0421" src="" border="0"></a><a href=""><img width="534" height="326" title="Aerial View" align="left" style="border: 0px currentcolor; border-image: none; float: left; display: inline; background-image: none;" alt="Aerial View" src="" border="0"><br></a></p> Great opportunity 279 acres close to Calgary Norm Rousseau Wed, 04 Jul 2018 05:35:49 G7T <p>Everything you want in your first home for only $255,000! KING-SIZE master bedroom, GAS FIREPLACE, Attached GARAGE, PATIO for BBQ's and entertaining. Combined with a SPACIOUS kitchen and living room plenty of storage space and laundry. PLUS the convenience of shopping, restaurants, theatres, public transportation and Fish Creek Park with miles of walking and cycling paths.</p><p>Info: </p><p><a href=""></a><p><a href=""><img width="534" height="400" title="IMG_0386" align="left" style="margin: 0px; border: 0px currentcolor; border-image: none; float: left; display: inline; background-image: none;" alt="IMG_0386" src="" border="0"></a><a href=""><img width="534" height="400" title="IMG_0394" align="left" style="border: 0px currentcolor; border-image: none; float: left; display: inline; background-image: none;" alt="IMG_0394" src="" border="0"><br></a></p> Millrise Town House 255,000. Norm Rousseau Wed, 04 Jul 2018 05:17:34 G7T <p>• Detached sales eased while new listings rose across most districts in the city after the first half of the year, keeping inventories elevated.<p>• The quarterly average months of supply increase compared to last year across all districts, keeping most areas in buyers’ market territory for the second quarter. <p>• As of the second quarter, detached benchmark prices totaled $504,033. This is just above the previous quarter, but 0.41% below last year’s levels. North East, North, North West and South districts recorded year-over-year quarterly price declines. However, only the North East district saw prices slip further over level recorded in the first quarter of this year.<p>• After the first half of the year, apartment sales totaled 1,396 units. This is nearly nine per cent below last year and 24 per cent below long-term averages. Easing sales were met with a decline in listings, helping to limit further growth in inventory levels. As of June, there were 1,872 apartment units in inventory, causing the months of supply to ease, averaging 6.8 months for the quarter.<p>• While most areas of the city are struggling with oversupply, there does appear to be some improvements. While remaining far from long-term averages, In the second quarter the months of supply edged down over first quarter levels in the city Centre, North, North West, West, South and East districts.<p>• The easing of the oversupply in most districts helped prevent further declines in quarterly benchmark prices. However, overall second quarter prices remain over three per cent below last year’s levels, and nearly 14 per cent below the quarterly high.<p>• Year-to-date sales activity fell for both semi-detached and row product across most districts, but new listings remained similar to last year in the row sector, while increasing by 22 per cent for semi-detached property types. This resulted in stronger inventory gains in the semi-detached market and pushed up the quarterly months of supply to above five months<p>• While row product did not see the same recent increase in inventory, gains in the previous quarters have not eased, causing the second quarter months of supply to total 5.47. This is similar to last quarter and above the second quarter of 2017 figure of 3.66.<p>• Semi-detached and row benchmark prices averaged $419,000 and $301,833 in the second quarter. Row prices were nearly 2 per cent higher than the previous quarter and nearly three per cent above last year’s levels. Meanwhile, semi-detached prices were similar to the first quarter, but over two per cent below 2017 levels.<p>• While some easing in the semi-detached market has occurred, quarterly prices are only two per cent below quarterly highs compared to the row sector which remains over 8 per cent below quarterly highs.</p> CALGARY HOUSING MARKET FACTS June 2018 Norm Rousseau Wed, 04 Jul 2018 02:46:42 G7T <p><strong>City of Calgary, July 3, 2018 –</strong><p>Many Canadian energy-related municipalities within Alberta and Saskatchewan have seen housing markets struggle over the past few years, resulting in price declines.<p>The recent mortgage rule changes and higher lending rates are factors weighing on demand and prices across some of those areas.<a href=""><img width="599" height="241" title="Capture" align="left" style="margin: 6px 0px 10px; border: 0px currentcolor; border-image: none; float: left; display: inline; background-image: none;" alt="Capture" src="" border="0"></a><p><br><p><br><p><br><p><br><p><br><p><br><p><br><p>"While our economy is no longer in a recession, persistently high unemployment rates, concerns over long-term growth, rising lending costs and stricter qualifications are all weighing on the housing demand," said CREB<sup>®</sup> chief economist Ann-Marie Lurie.<p>"Growth in new listings is starting to ease for some property types, but it is not enough to prevent continued supply growth and, ultimately, an oversupplied housing market."<p>Weak sales activity in Calgary continued into June, as residential sales for the month totaled 1,896 units. This is 11 per cent below last year and 12 per cent below long-term averages. New listings continued to rise, with further inventory gains and months of supply now at 4.7 months.<p>High inventories in comparison to sales have generated more widespread buyers' market conditions, causing downward pressure on prices. The city-wide benchmark price in June totaled $436,500. This is just below last month and 1.13 per cent below last year's levels.<p>The detached segment of the market accounts for over 60 per cent of overall sales activity and makes up over 54 per cent of the inventory, with 4,817 units as of June. While sales have fallen and inventory has been rising across most price ranges, inventory levels for homes priced under $500,000 remain well below peak levels.<p>"In any market it's extremely important to be well-informed, whether it's about the process to get pre-approved for a mortgage or having the most up-to-date information about the prices in the community you are buying or selling in," said CREB<sup>®</sup> president Tom Westcott. Weak sales persist in Calgary and beyond Norm Rousseau